Tap& Go payments are being made via traditional plastic cards but also withnew payment devices such as mobile phones, watches, or stickers – the method ofchoice of the individual consumer. Transit, from public buses to highwaytollways, also continues to offer some of the greatest opportunities forcontactless.
MasterCard Pay Pass is being tested and used at some of theworld’s busiest commuter hubs to improve the speed, convenience, security andreliability of transit systems by displaying cash and outdated systems. Mobile phones are at the center of a fundamental shift in consumer’s everydaylives. MasterCard is helping consumers use their phones in day-to-dayactivities, allowing them to leave their wallet at home and rely on theirmobile phone: (a) Tapping the phone to pay with Near Field Communication (NFC) – enabledhandsets. (b) Having greater control of their card accounts through MasterCard in controland text messages, with important purchase and account information directthrough to their mobile phone. (c) Using a convenient, secure platform for all kinds of payment-related activitiesfrom their mobile phones.
(d) Using the phone to authenticate purchases, helping to secure their card-not-presenttransactions. However, contactless cards are accepted at far fewer locations than mag-stripe.Consumers cannot leave home with only their NFC-capable phone, because theywill inevitably need a mag stripe to pay. If you have multiple cards in yourwallet and you pay without removing them, the winner is random luck. Sometimes,this can cause real issues.